Guideline Value for Thillai Ganga Nagar 10th Street

Thillai Ganga Nagar 10th Street guideline value

The current guideline value of Thillai Ganga Nagar 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village and falls under the Alandur SRO. The land classification is Residential Class I Type - III.

How the guideline value of Thillai Ganga Nagar 10th Street has changed

The guideline value for Thillai Ganga Nagar 10th Street has undergone several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 397 per sq.ft. This increased to Rs 453 per sq.ft in 2003, marking a change of +14%. The value saw a significant rise to Rs 1,250 per sq.ft in 2007, an increase of +176%. In 2012, the value remained at Rs 3,500 per sq.ft, which was a decrease of -33% from the previous revision. The 2017 revision set the value at Rs 2,345 per sq.ft, reflecting a +49% increase from 2012. The 2023 revision brought the value to Rs 3,500 per sq.ft, and the latest 2024 revision has increased it to Rs 3,900 per sq.ft, marking an increase of +11%.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +882%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the 2024 guideline value for Thillai Ganga Nagar 10th Street.

• Thillai Ganga Nagar 11th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 12th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 13th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 14th Street: Rs 3,900 per sq.ft (2024)
• Thilai Ganga Nagar 36th Street: Rs 3,900 per sq.ft (2024)
• Thillai Ganga Nagar 15th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thillai Ganga Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thillai Ganga Nagar 10th Street?

The Sub Registrar Office that covers Thillai Ganga Nagar 10th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Adambakkam

The guideline value is an important factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased. Buyers and sellers should be aware of the guideline value to ensure compliance during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thillai Ganga Nagar 10th Street?

The current guideline value of Thillai Ganga Nagar 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 397 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, representing an overall increase of +882%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles property registrations for Thillai Ganga Nagar 10th Street?

The Alandur Sub Registrar Office handles property registrations for Thillai Ganga Nagar 10th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Adambakkam?

The median guideline value for streets in Adambakkam is Rs 3,900 per sq.ft, which is the same as the 2024 guideline value for Thillai Ganga Nagar 10th Street.